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Dentons

1221 AVENUE OF THE AMERICAS, NEW YORK, NY 10020-1089, USA
Tel:
Work +1 212 768 6700
Fax:
Fax +1 212 768 6800
Web:
www.dentons.com

Erik Klingenberg

Tel:
Work +1 212 768 6843
Email:
Dentons

Work Department

Capital Markets

Position

Co-chair of Dentons' Capital Markets practice

Career

Erik Klingenberg is the Co-Chair of Dentons' Capital Markets practice specializing in structured finance, including all aspects of commercial and residential mortgage-backed securities, asset-backed securities, commercial paper, collateralized debt obligations and other structured products. Erik assumed an early, prominent role as counsel to various U.S. government agencies and their efforts to restore the financial markets for a range of financial products and situations, including the U.S. Treasury in connection with the Term Asset-Backed Securities Loan Facility (TALF), the U.S. Department of Education in connection with the FFELP Student Loan Commercial Paper Conduit, the FDIC in connection with the sale of Indy Mac, and the Federal Reserve Bank of New York and JPMorgan Chase in connection with the Maiden Lane I commercial trust. Representing issuers, underwriters and many other capital market participants, Erik has structured and documented a broad range of domestic, offshore and cross-border transactions. His practice focuses on complex, innovative structures, including CDOs, re-REMICS, commercial paper conduits, master trusts and other revolving pool transactions, with assets ranging from residential and commercial mortgage loans, B notes and mezzanine loans to student loans, servicing advances, energy receivables, leases and other asset-backed securities. Erik has extensive experience representing lenders and borrowers in structured warehouse transactions and asset-based financings. He is an adjunct professor of law at St. John's University School of Law teaching the course "Securitization, Structured Finance and Capital Markets."

Education

Education: St. John's University School of Law, 1993, JD, magna cum laude, executive notes and comments editor, St. John's Law Review; Hofstra University, 1989, BA


United States: Finance

Structured finance: securitization

Within: Structured finance: securitization

Dentons’ structured finance department is well known for its work in the mortgage and real estate finance space. Stephen Kudenholdt advised the initial purchasers of three securitizations originated by a REIT and backed by a portfolio of seasoned loans totaling $5bn. Kudenholdt also acted for Westgate Resorts and Central Florida Investments on a securitization of timeshare and mortgage-backed notes. Erik Klingenberg acted for the initial purchasers on a $1.4bn master trust issuance backed by triple net leases on commercial property. Scott Swerdloff advised the initial purchasers of a $1.3bn securitization backed by seasoned performing mortgage loans. As underwriter’s counsel, Swerdloff assisted clients such as Merrill Lynch and Credit Suisse Securities with a series of issuances by Volt of mortgage loans and real estate owned properties.

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Legal Developments by:
Dentons

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